The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1887-12-08

duDcrt A. Banning Vice
r. r. kretschmar. r................,. Secretary
1I'oi M'lcT Treasurer
VIM NJ. Cory. General Manager, Quincy, Fla.
DIRECTORS.
Marcus Oppenheimer, Fredk Storm,
geo. Storm, Hubert A Banning,
Peter Miller, Geo. P. Labatut,
Robert c. Brown.
BYLAWS
Drawn and Published in Conformity with the
Laws Of the Stale OF Florida.
BYLAWS OF THE FLORIDA TOBACCO PRODUCING
AND TRADING COMPANY.
Section l. Bv whom business is managed
lhe huSacss OF the compiny >h Ill be managed
and conducted ly lis directors and officers and
thclr duly authorized representative aud agents
SEC. 2. Election of Directors. There shall be
seven directors, who shall be stockholders in the
company, and the Board OF Directors shall an.
nnaly be elected by the stockholders in the
mouth OF February of each year except the first
The directors shall hold office until their sue
cessors are elected, and all vacancies W hich for
any cause occur in the board m.y be filled by
the remaining members thereof TO-. the balance
OF the year and until the next regular election
SEC. 3. Election and Removal Of Officers. As
soon as practicable after each annual meeting OF
The stockholders and The election of directors,
the board so elected shall organize by electng
q
Secretary and q Treasurer The President and
Nice-President shall be chosen from their ow
number. but the others may or may not be az de-
sired. The officers chosen shall hold their
ofhce until their successors are elected and quail
fed, but they or either of them may be removed
at any time for neglect of duty or other valid
cause by a vote OF q majority of the directors.
exclusive OF the Offices voted upon
SEC. t. Meetings of B ,ar! of Directors and of
Stockholders. Regular meetings OF the Board
shall be held at least once in every three months
to VII, in the months Of January, April, July and
October of each year, Eut may be held tener il
the board should at any time decide that the in
terests of the company could be be,.cr served by
more frequent regular meetings The Presid, ut
Is also empowered 10 call special meetings Of the
board or OF the stockholders whenever he thinks
proper for the interests of the cOmplny. The
meetings OF The board or of Stockholders NAV he
held IN such city or town, within which the com
pany has an Office, nearest the piece of rrsilance
OF majority Of the directors or Stockholders AS
The case may be aud in the absence OF any psr
tlcllar Office or building or date and hour for
holding meetings being designated by the board
the President shall, in advance OF each meeting
nN upon tine day, hour and Office or building
when and where he next meeting is To be held
and a notice containing such information, shall
De duly given to each person entitled 10 receive
the same, except when meetings are held by
ID
the laws under which this company is organ
lied
SEC D. How Business is Transacted A ma
jorlty of the Board of Directors shall alwavs he
necessary to transact any legal business, and
every decision OF majority o. such persons so
authorized shall he valid as corporate act
Sec. .. Constitution of Executive Committee
The Board OF Directors may appoint two of their
number 10 act and advise with the President as
to the affairs OF the company and the President
together with the directors appointed for such
purpose, shall constitute an Executive Commit
tee which shall keep an oversight of the finances
OF the company and control the disbursement. of
money, and in the interims between meetings
OF the directors such committee shall have and
possess al! the powers and authority OF the direc-
tors IN the conduct OF the cOmpany's business
subject 10 such restrictions as the Board of Di-
rectors may, from Ii ne 10 time, impose. The
Executive Committee may be convened at any
time On call of the President and shall be CON
vened whenever any financial question arisc-.
SEC. !. Appointments and Sa aries. The Ex-
ecu'lve Committee may appoint general man
ager and such subordinate officers aul agents of
the company az il may deem necessary for prop
cTiy carrying on the business Of the company,
who shall ii required, give such bond as may be
directed tor the faithful performance of their re-
spective duties, but all salaries Of officers and
agents shall be regulated by the directors Pro-
by the Executive Committee shall stand good,
and IN any vent be paid up 10 such time az the
Board OF Directors shall take action respecting
the same.
SEC s. Instructions to Executive Committee.
The Executive Committee shall report 10 the
Board of Directors at each Meeting thereof, the
general condition Of the affairs Of the company
and what steps have been taken by them since
the last meeting of such board, and they shall at
the same time submit the minutes of their meet
ings for approval by the board. The said com
mi'iee shall receive from the Board OF Di ectors
such ins,ruc, ions concerning future polices to be
pursued as the directors may see proper 10 give,
and when said board shall give dt finite insiruc-
tions as 10 any particular policy the Executive
Committee and officers shall be bound by such
instructions
SEC 8. Execution of Contracts, Attestations.
etc. All promisOry notes, contracts and formal
instruments in writing given or entered into by
the company shall be executed by the President,
and no other officer or agent shall execute anv
such instrument unless previously specially au
thorized but whenever duly authorized or re-
quired by law, the Secretary shall attest the sig
nature of the company as above by his own sig
nature and the company's seal, and, if need be,
subscribing witnesses shall sign any instrument
so executed.
SEC 10. Deposit and Payment of Money. All
money received shall be deposited by the Treas
urer in the name of the company in such bank
or banks as the Board of Directors shall desig-
nate, and no funds shall be Withdrawn or pay
ments made therefrom except for salaries rent,
wages and incidental expenses, unless npOn or
der Of the Board of Directors or the Executive
Committee, and all payments except for wages
and incidental expenses shall be made Ivy check
of the company, signed both by the President
and Treasurer, and vouchers or receipts shall be
taken therefor.
SEC H. Shares of Capital Stock The cap-
tai stock of the company shall be divided into
shares OF the par value Of one hundred dollars
($l00) each, and shall be represented by certii-
Gates signed by the President and countersigned
by the Secretary and the seal of the company
shall be affixed to such certificates Each share
of slock represented al stockholders' meeting
shall be entitled 10 one vote, and majority vote
OF the shares represented shall be decisive OF any
question before the meeting
SEC 12. Issue of Certificates of Stock Ger
tincates OF stock shall be bound in book and
they shall be numbered and issued In consecu-
tive order. The certificate book shall contain
coupons or stubs, upon each OF which shall be
registered, as the certificates are issued the num-
Der OF the issued certificate corresponding there
with, the number OF shares represented by the
same, tn" name of the person owning such
shares, and the date of the issue OF the certif-
cate; and each certificate shnll be reccpled for
at The time of the issue and delivery thereof
SEC 49, Transfers OF Stock Transfers Of
shares shall be made only upon the books of
the company by the holder in person or by
power Of attorney on The back thereof duly
sgred by the person in whose name it was
issued In the presence OF one or More subscrib-
ing witnesses, and filed with the Secretary, aud
on surrender Of the certificate or certificates of
such shares.
SEC. a. Cancellation Of Certificates All GER
tificates exchanged or returned TO the company
shall be cancelled by the Secretary, and such
cancelled certificates pasted in their original